SMLMAH
SML Mahindra Limited (SMLMAH) Stock Analysis
SML Mahindra Limited, formerly SML Isuzu related commercial vehicle operations under Mahindra partnership, manufactures small commercial vehicles. It supplies trucks for last-mile logistics and vocational applications. The company serves fleet operators in light commercial vehicle segments. It is listed on Indian stock exchanges.
Consumer Cyclical › Auto Manufacturers
₹6,124.00
+5.38% 1W | +104.20% 52W
Market Cap
8.9k CR
P/E Ratio
56.7
52W High
₹6898.5
52W Low
₹2719
Div. Yield
0.39%
Beta
0
50 DMA
₹5902.1
200 DMA
₹4547
Profit Margin
5.3%
Inst. Own.
2.1%
⚠️ BREAKDOWN
⚠️ BREAKDOWN
Fundamentals
Profit & Loss
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 632 | 499 | 386 | 680 | 746 | 550 | 332 | 771 | 846 | 555 | 539 | 898 | 958 |
| Expenses | 585 | 459 | 364 | 608 | 665 | 505 | 313 | 681 | 741 | 513 | 498 | 807 | 857 |
| Operating Profit | 47 | 39 | 22 | 71 | 81 | 45 | 18 | 90 | 105 | 42 | 41 | 90 | 100 |
| OPM % | 7% | 8% | 6% | 10% | 11% | 8% | 6% | 12% | 12% | 8% | 8% | 10% | 10% |
| Other Income | 2 | 0 | 1 | 2 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 1 |
| Interest | 5 | 7 | 8 | 11 | 8 | 6 | 7 | 9 | 5 | 3 | 6 | 7 | 3 |
| Depreciation | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 13 | 13 | 13 | 13 |
| Profit before tax | 32 | 21 | 3 | 50 | 62 | 29 | 1 | 71 | 90 | 28 | 24 | 73 | 85 |
| Tax % | 1% | 0% | 6% | -4% | 25% | 24% | 29% | 26% | 25% | 26% | 25% | 25% | 25% |
| Net Profit | 32 | 21 | 3 | 52 | 46 | 22 | 1 | 53 | 67 | 21 | 18 | 54 | 64 |
| EPS in Rs | 21.97 | 14.57 | 1.85 | 36.15 | 32.06 | 15.06 | 0.37 | 36.59 | 46.27 | 14.55 | 12.12 | 37.45 | 43.96 |
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,106 | 1,166 | 1,356 | 1,135 | 1,409 | 1,154 | 591 | 924 | 1,822 | 2,196 | 2,399 | 2,838 | 2,950 |
| Expenses | 1,036 | 1,079 | 1,246 | 1,090 | 1,335 | 1,142 | 660 | 965 | 1,740 | 2,017 | 2,164 | 2,560 | 2,676 |
| Operating Profit | 69 | 87 | 110 | 45 | 74 | 12 | -69 | -41 | 82 | 179 | 235 | 278 | 273 |
| OPM % | 6% | 7% | 8% | 4.0% | 5% | 1.0% | -12% | -4.5% | 4.5% | 8% | 10% | 10% | 9% |
| Other Income | 5 | 6 | 4 | 3 | 4 | 5 | 5 | 6 | 3 | 5 | 6 | 8 | 7 |
| Interest | 6 | 5 | 6 | 11 | 16 | 15 | 23 | 22 | 25 | 30 | 30 | 21 | 18 |
| Depreciation | 20 | 20 | 24 | 28 | 38 | 41 | 46 | 44 | 42 | 48 | 48 | 52 | 53 |
| Profit before tax | 49 | 68 | 84 | 9 | 24 | -38 | -133 | -100 | 17 | 106 | 162 | 214 | 210 |
| Tax % | 24% | 25% | 25% | 10% | 20% | -45% | 0% | -1% | -15% | -1% | 25% | 25% | |
| Net Profit | 37 | 51 | 63 | 8 | 20 | -21 | -133 | -100 | 20 | 108 | 122 | 160 | 156 |
| EPS in Rs | 25.53 | 35.35 | 43.54 | 5.87 | 13.52 | -14.55 | -92.24 | -68.94 | 13.71 | 74.55 | 84.08 | 110.39 | 108.08 |
| Dividend Payout % | 24% | 23% | 18% | 26% | 22% | 0% | 0% | 0% | 0% | 21% | 21% | 21% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 16.0% | 37.0% | 9.0% |
| Profit CAGR | 100.0% | 26.0% | 12.0% |
Shareholding Pattern
Promoters58.97%
FIIs1.80%
DIIs0.63%
Public38.60%
Promoters58.97%
FIIs0.61%
DIIs0.64%
Public39.78%
Promoters58.97%
FIIs0.77%
DIIs1.56%
Public38.71%
Promoters58.97%
FIIs1.24%
DIIs2.43%
Public37.35%
Promoters58.97%
FIIs3.65%
DIIs2.74%
Public34.64%
Promoters43.96%
FIIs16.68%
Public39.34%
Promoters43.96%
FIIs15.81%
Public40.22%
Promoters43.96%
FIIs15.24%
DIIs0.04%
Public40.76%
Promoters58.97%
FIIs0.77%
DIIs1.56%
Public38.71%
Promoters58.97%
FIIs3.65%
DIIs2.74%
Public34.64%
SMLMAH
Holdings Analysis
Key strengths & risk signals
75
Overall
65
Fundamental
85
Technical
Risks (1)
TOO MUCH PUBLIC HOLDING! 40.92% public ownership - higher volatility risk.
Strengths (4)
UNDERVALUED! PEG of 0.56 indicates stock is cheap relative to growth.
BULLISH TREND! 50-day average (5902.1) is above 200-day average (4547.0) - positive signal.
EXCELLENT YEAR! Stock gained 104.2% in the last year.
BULLISH SENTIMENT! In last 30 days: 15 up days, 15 down days. Avg volume on up days: 116,531 vs down days: 51,772. Ratio: 2.25x
Fundamental & Technical Analysis
75Overall
65Fundamental
85Technical
Fundamental Breakdown
Growth Quality
28/30
Revenue CAGR: 15.9% (VERY GOOD, 13/15). Profit CAGR: 100.4% (EXCELLENT, 15/15).
Profit Margin
3/10
LOW MARGIN! 5.3% profit margin - thin profits.
PEG Valuation
10/10
UNDERVALUED! PEG of 0.56 indicates stock is cheap relative to growth.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0.39% yield - little to no income.
Debt to Equity
6/10
MODERATE DEBT! D/E of 0.85 - acceptable leverage.
Public Holding
5/20
TOO MUCH PUBLIC HOLDING! 40.92% public ownership - higher volatility risk.
Stability Index
10/10
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
Technical Breakdown
Moving Averages
12/10
BULLISH TREND! 50-day average (5902.1) is above 200-day average (4547.0) - positive signal.
Price Position
8/10
STRONG POSITION! Current price (6124.0) is above both moving averages.
Trend Pattern
10/20
BREAKDOWN! Stock has broken below support levels - weakness present.
52W Performance
10/10
EXCELLENT YEAR! Stock gained 104.2% in the last year.
Volume Sentiment
30/30
BULLISH SENTIMENT! In last 30 days: 15 up days, 15 down days. Avg volume on up days: 116,531 vs down days: 51,772. Ratio: 2.25x
RSI
3/5
NEUTRAL! RSI at 50.9 - balanced momentum.
52W Range
5/5
STRONG! Trading at 81.5% of 52W range - near yearly highs.
Momentum
4/5
GOOD MOMENTUM! Price has grown across all timeframes - up 5.4% (1 week), 2.5% (1 month), 49.9% (3 months).
Beta
3/5
MARKET ALIGNED! Beta of 1.00 - moves with the market.
SMLMAH
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q4FY262026-04-24 | Concall PDF |
Peer Comparison
Consumer Cyclical · Auto Manufacturers · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SMLMAH | ₹6,124.00 | 56.7 | 5.3% | 15.9% | 100.4% | +104.2% | 75 | BREAKDOWN | -5.1% | +263.4% | +13.2% | +77.5% |
| OLAELEC | ₹35.00 | – | -92.6% | -7.5% | – | -38.4% | 42 | BREAKDOWN | -21.5% | -32.8% | -45.0% | +71.7% |
| ATULAUTO | ₹423.10 | 24.9 | 5.3% | 17.1% | 119.4% | -14.7% | 58 | APPROACHING SUPPORT | +163.3% | -46.6% | +42.3% | -9.9% |
| MERCURYEV | ₹36.60 | 152.4 | 3.6% | 87.0% | 46.6% | +1.2% | 62 | BREAKDOWN | 0.0% | +700.0% | +47.8% | +65.3% |
| FORCEMOT | ₹17,700.00 | 18.6 | 13.6% | 21.7% | 108.5% | +0.1% | 72 | BREAKOUT | +22.9% | -22.2% | +6.2% | -4.3% |
| ATHERENERG | ₹1,470.00 | – | -9.2% | 27.2% | – | +112.0% | 60 | CONSOLIDATING DOWN | -71.3% | -49.0% | +88.8% | +3.6% |
| HEROMOTOCO | ₹5,225.00 | 19.2 | 10.7% | 11.7% | 26.9% | -10.2% | 73 | BOUNCE FROM SUPPORT | -17.2% | -3.3% | +34.9% | +1.1% |
| TMPV | ₹286.90 | – | 22.8% | -0.9% | 224.4% | -27.6% | 58 | BOUNCE FROM SUPPORT | -80.2% | -86.6% | +8.8% | -9.6% |
Data from TradeAlone · Updated daily
